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How Crypto Games Are Shaping the Future of Video Gaming and Why It Matters

Xchange Monster (MXCH) has created a platform where multiple crypto games can be played in one space, using a single native token, with complete flexibility to buy, sell, and trade both in crypto and fiat currency.Premium
Xchange Monster (MXCH) has created a platform where multiple crypto games can be played in one space, using a single native token, with complete flexibility to buy, sell, and trade both in crypto and fiat currency.

In this article, we will look into just three ways that crypto gaming is affecting the video game market as a whole, and where that may lead the industry in the future

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Cryptocurrency has had a massive impact across many sectors over its past decade of development and adoption, from becoming a staple way for artists to profit from their work through NFTs to being adopted as a nationally accepted form of currency in countries like the Central African Republic and El Salvador.

However, another key industry that cryptocurrency has impacted is gaming, with the video game industry, especially in the digital sector, changing rapidly.

But why is this? And what do platforms like Xchange Monster (MXCH), Decentraland (MANA), and Axie Infinity (AXS) mean for gaming's future? In this article, we will look into just three ways that crypto gaming is affecting the video game market as a whole, and where that may lead the industry in the future. 

User-Generated Content and Decentraland (MANA)

While user-generated content is not a new concept introduced to gaming by crypto, it is an aspect of the gaming experience that cryptocurrency games have perfected, incentivising the creation of user-generated assets through the financial opportunities these games afford.

Take Decentraland (MANA), or similar metaverse projects, for example.

In Decentraland (MANA), users can create a whole host of different assets, from clothes to buildings to interactable environments and games. These assets can be purchased, or used as a vessel to generate profit, giving users a way to financially benefit from their passions, which they can then transfer into fiat currency or put back into the Decentraland (MANA) ecosystem.

Gamers willing to make content for their communities can be financially compensated for their efforts. This allows the content to become a vessel to make money, and thus can become a bigger aspect of someone's life, as it can exist beyond being a hobby.

Being able to profit off of a passion is something crypto encourages. Artists can profit from selling their works as NFTs, programmers can profit from the creation and publication of their crypto applications, and now gamers can turn their passion to enrich their communities with content into a model for financial independence.

In crypto gaming, users that put work into their platform get rewarded tangibly- something that can be used to buy a coffee or new clothes in the real world and not just in-game. It is something that makes crypto gaming unique, and likely to continue thriving in the years to come.

Play-to-Earn (P2E) With Axie Infinity (AXS)

On the topic of financial independence through gaming, another aspect of crypto gaming set to shift the gaming industry is Play-to-Earn (P2E) games - games where the more users interact and play a game, the more money they can generate.

Play-to-Earn (P2E) gives remarkable opportunities to those who may struggle to find work, as these games are digital, meaning that they are a financial opportunity for anyone with a connection to the Internet. 

Axie Infinity (AXS), for example, was famously reported to have become a method of income for many in the Philippines who were under the poverty line, allowing them to support themselves and their families.

While this may not be the case for every player, Axie Infinity (AXS) is a perfect example of a unique benefit to crypto gaming. Crypto games can make people money, and where money can be made, people will follow. 

Platforms of Engagement Through Xchange Monster (MXCH)

With the financial models of crypto games in mind, crypto gamers typically tend to be highly engaged with the projects they interact with, due to their continuously evolving landscape due to user-generated content and the potential they hold to generate income for players.

Having a hub where multiple crypto games can be played, therefore, has huge potential to become a major player in both the crypto and gaming ecosystems. This is something that Xchange Monster (MXCH) is aiming to achieve, with its gaming exchange platform.

Intending to close the gap between gamers and crypto enthusiasts, Xchange Monster (MXCH) has created a platform where multiple crypto games can be played in one space, using a single native token, with complete flexibility to buy, sell, and trade both in crypto and fiat currency.

By having multiple games in one place, users are more likely to stay longer on the platform, engaging with more of the games on offer as well as the other aspects of the platform, like cryptocurrency trading and NFT sales. This ability to make players stick to the platform gives Xchange Monster (MXCH) the opportunity to become a hub for crypto gaming, and to become a trendsetter for the rest of the industry.

If Xchange Monster (MXCH) can fulfil its mission, it could spell a major shift in the gaming industry. If Xchange Monster (MXCH) can have such an engaged user base and a thriving ecosystem, maybe traditional gaming may choose to adopt a similar approach.

Conclusion

The ability to make money from gaming, whether this is through play, content creation, or engaging with the platform's ecosystem, is what sets crypto gaming apart from traditional video games, and why it is beginning to become a major competitor with traditional gaming.

Gamers are looking for immersive experiences, experiences that exist outside of the game, that they can engage with through multiple channels in a community that is continuously evolving. Crypto gaming does this, all while providing financial incentives.

And who doesn’t want to make money from the hobbies they love?

Presale: https://xchangemonster.boostx.finance/register

Website: https://xchangemonster.com/ 

Discord: https://discord.gg/M5hu5HwbeJ 

Telegram: https://t.me/xchangemonsterofficial 

Twitter: https://twitter.com/Xchange_Monster 

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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